HOW OUR WALLET WORKS
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Best Cryptocurrency Wallet: What is a Cryptocurrency Wallet?
A cryptocurrency wallet is a software program, online platform or a hardware device that holds the keys you use to send and receive various blockchain cryptocurrency tokens. It literally stores your ‘private’ keys and your ‘public’ keys – the secure way wallets communicate with blockchain cryptocurrency ledgers.
It also lets you look at your cryptocurrency balances. The interface, the way the software looks, helps users to understand their cryptocurrency holdings (how much they have in different cryptocurrencies like Ethereum, Bitcoin or Ripple).
The way blockchain works are that ‘ledgers’ get updated across all ‘nodes’ on the blockchain network. This means all individual ‘ledgers’ are updated at the same time – a wallet doesn’t hold crypto money, but a record of transactions.
Note: A ‘ledger’ is another word for a ‘database’. The word ‘ledger’ is much more common than ‘database’ in the crypto world, so you’ll hear it often!
Also: A ‘node’ is what we crypto geeks call the individual computers that run and maintain the blockchain.
Unlike the wallet in your pocket, your cryptocurrency wallet doesn’t store money in the same way a PayPal account stores funds. This is the crucial difference between cryptocurrency wallets and other online money accounts.
Get Coin to a Wallet
ogin to your wallet and select Receive.
Choose which wallet you want to receive any coin to. Make sure you select a BCH wallet if you are receiving Bitcoin Cash or a BTC wallet if you are receiving Bitcoin.or Any of the wallet you want
Your chosen wallet will generate an address that lets you receive coins. Copy this by tapping the QR code if you’re on mobile, or by clicking it if you’re on desktop.
Provide this address to the cryptocurrency exchange or person sending you Bitcoin.
Or,any others crypto if you’re in person, the sender can simply scan your wallet QR code with their device
Send/Receive with Wallet
How To Send
Enter the amount of crypto you’d like to send. You can toggle between the fiat value or crypto amount you’d like to send
How To Receive
You can share your unique cryptocurrency address to receive funds through your web browser or mobile device after signing in. By opting into Instant sends in your privacy settings, you can control whether or not you want your crypto address to be verifiable as a Coinbase user. If you opt in, then other users can send you money instantly and for free. If you opt out, then any sends to your crypto address will remain on-chain
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